John Daly, from World First, the currency brokers, said:
“Industrial output posted its strongest rise since March 2010 whilst manufacturing grew at its fastest pace since May 2011, increasing by 1.2pc.
This can largely be attributed to preparations for the upcoming London Olympics.
Furthermore, June is likely to register a poorer figure, thanks to the fact that the public holidays were moved to June for the Jubilee celebrations.
“Either way, this good news is very welcome and is exactly the kind of thing we needed to hear, especially with Q2 GDP just around the corner.
“Any expected returns from last week’s injection of QE are still a few months away from being realised economically.
However, these numbers could provide the perfect foundation for Q3, which is set to be a be an important period for the UK economy.”
Meat Trade News Daily Supporting British Pig Farmers
Source: Argentine Beef Packers S.A.
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